A TREATISE DIAMONDS AND PEARLS A TREATISE DIAMONDS AND PEARLS; IN WHICH THEIE IMPOBTANCE IS CONSIDEKED ; PLAIN RULES ARE EXHIBITED FOR ASCERTAINING THE VALUE OF BOTH; THE TRUE METHOD OF MANUFACTURING DIAMONDS. DAVID JEFFRIES, JEWELLER. JFourtfj lEfoitum, foittj large Emprofoemmts. LONDON: TO BE HAD OF E. LUMLEY, 56, CHANCERY LANE. (Price to Subscribers, II. Is.) LONDON : PRINTED BY STEVENS AND CO., BKLL YARD, TEMPLE BAR. TO THE READER. As the following treatise is calculated to inform the world concerning the value of diamonds and pearls ; the weights made use of relative thereto are here previously ex- plained, as the knowledge of them will be found necessary to the public. They agree the nearest to troy weight of any other, and are commonly called carat weights ; 150 carats make about an ounce of that weight. Carats are divided into halves, quarters, or grains; eighths, sixteenths, and thirty-two parts. The draughts of the sizes of brilliant and rose diamonds, exhibited in the plates, are tests to prove the truth and defects of the manufacture of any diamond, and will be found as necessary as scales and weights, in attaining to a right judgment of their value. To make the truth of this assertion appear more evident, it is here to be observed ; first, that either a brilliant or rose diamond may be wrought in such a manner as to con- 34B8B.3 vlii TO THE READER. tain one fourth, or even one third, more weight than it ought to have, which neces- sarily injures the beauty of its form, and likewise injures its true spirit and lustre ; and, if that overweight be injudiciously va- lued, together with its due weight, the price will be thereby greatly heightened above its just value, more especially in large diamonds. All which overweighted stones will easily be discovered by the sizes exhibited in the plates, which exactly shew the true expan- sion of well-wrought diamonds. Secondly, it is to be observed, that the sizes before referred to will discover if any stones do not carry their true substance. An important circumstance to be regarded, inas- much as any degree of want thereof neces- sarily lessens the spirit and lustre they would otherwise be possessed of. In both cases, directions are given in the treatise, in what manner every such stone is to be valued, as well as all other well-proportioned ones, ac- cording to their water, and several degrees of perfection or imperfection, of what size or weight soever. TO THE QUEEN. MADAM, I BEG leave, with the profoundest hu- mility, to dedicate the following Trea- tise to your Majesty, the patron of truth and justice, and friend to the common interest of mankind, more particularly to that of your Majesty's subjects : in which your royal character shines with the brightest lustre. It contains rational and plain rules for estimating the value of diamonds and pearls under all circumstances, and for manufacturing diamonds to the greatest perfection : both which have hitherto been but very imperfectly un- derstood. From hence, all property of this kind has been exposed to the great- est injury, by being subject to a capri- cious and indeterminate valuation ; and A2 ' VI DEDICATION. the superlative beauty of diamonds has been much debased. To countenance a work calculated to promote a general benefit, it is hum- bly apprehended, will not be deemed un- worthy the condescension of a crowned head, as these jewels constitute so large a part of public wealth ; and as they are, and have been in past ages, the chief ornaments of great and distin- guished personages, in most parts of the world. That the supreme Disposer of all things may long preserve your Majes- ty, the guardian of the commerce and properties of these your kingdoms, and that you may continue to reign in the hearts of a grateful and loyal people, is the fervent prayer of, May it please your Majesty, Your Majesty's most dutiful and most faithful subject, DAVID JEFFRIES. POSTSCRIPT. THE price of this book, I hope, will not be thought too large, when the following matters are taken into consideration. First, that of its being calculated to settle the value of diamonds and pearls, on a ra- tional and firm basis ; a circumstance of no small concern, inasmuch as their worth has hitherto been rated by fancy and caprice, which has frequently proved very injurious even to traders in them, as well as to others who have bought them for their use. Next, as the subject concerns only per- sons of rank and fortune, and those of the trade for whose use the book is principally designed, the sale of it is not like to be very large. To this may be added, that what it X POSTSCRIPT. contains is the product of many years' study, and difficult labour of various kinds, attend- ed with an expence much beyond what can readily be imagined. And here T shall take leave to observe, that inasmuch as the tables of the prices of diamonds and pearls answer the same pur- poses in attaining to the knowledge of the value of these jewels, as scales and weights, they may be considered in the same light ; and, that the diamond sizes may be depended on for their truth, they are all engraved by myself, not daring to trust that performance to any one else ; which is likewise the case in respect to some other things, that I shall not here particularize : all which have in- grossed my thoughts and time to the neglect of my private concerns : by that means I have greatly injured a fortune (not got by trade) that put me above entering on this work with any mean lucrative views ; and least of all that of publishing for the sake of the profit that might arise therefrom. On POSTSCRIPT. XI the contrary, my former circumstances ena- bled, and my inclinations led me to engage in this attempt, in order to serve the public, and the jewel trade. And to my great sa- tisfaction, I find the principles of the book begin already to operate ; from whence it may be presumed they will more and more, and that the world will experience their uti- lity. That this was my original motive is a fact well known to some ; and that I former- ly intended to have published the matters contained in this treatise, without having any regard to the profit arising thereby. These circumstances, doubtless, will have their due weight in accounting for the price of the book. And now I think it my duty to mention, that whatever knowledge I may have acquired by applying my thoughts and time this way, I shall endeavour faithfully to employ in any business that I may be honoured with in the jewelling trade. This I have not spoke of in my former edition, nor should I now, if Xll POSTSCRIPT I were not countenanced in so doing by some persons of rank, and many of my particular friends, both which have of late favoured me that way : and this leads me to hope for an increase thereof, which I flatter myself will not be found disadvantageous to any that may engage me in their service. In saying this I am not apprehensive of having said too much. AN EXPLANATION OF SOME TECHNICAL TERMS MADE USE OF Iff THIS TREATISE, IN ALPHABETICAL ORDER. THE bezils are the upper sides and corners of the brilliant, lying between the edge of the table and the girdle. The collet is the small horizontal plane, or face, at the bottom of the brilliant. The crown is the upper work of the rose, which all centres in the point at the top, and is bounded by the horizontal ribs. The facets are small triangular faces, or planes, both in brilliants and roses. In bril- liants there are two sorts, skew or skill-fa- cets, and star-facets. Skill-facets are divided into upper and under. Upper skill-facets are wrought on the lower part of the bezil, and terminate in the girdle ; under skill fa- cets are wrought on the pavilions, and ter- minate in the girdle ; star-facets are wrought XIV on the upper part of the bezil, and termi- nate in the table. The girdle is the line which encompasses the stones, parallel to the horizon ; or, which determines the greatest horizontal expansion of the stones. Lozenges are common to brilliants and roses. In brilliants they are formed by the meeting of the skill and star facets on the bezil : in roses, by the meeting of the facets in the horizontal ribs of the crown. Pavilions are the under-sides and corners of the brilliants, and lie between the girdle and the collet. The ribs are the lines, or ridges, which distinguish the several parts of the work, both of brilliants and roses. The table is the large horizontal plane, or face, at the top of the brilliant. CONTENTS. PAGE INTRODUCTION . . . . .1 Of the production of Diamonds and the principle of valuing them ..... 5 Of Brilliant Diamonds, and the method of manufacturing them 9 Of the sizes or expansion of Brilliants . 16 Of the use of the Brilliant sizes in discovering ill-wrought ones ..... 18 Of the method of manufacturing, and valuing, Spread Bril- liants . . . . . .21 Of Rose Diamonds . . . .24 Of the impropriety of transforming well-wrought Rose Dia- monds into Brilliants . . . .26 Of the form of a Rose Diamond . . .27 Of the manufacture of a Rose Diamond . . 29 Of the sizes of Rose Diamonds, and their use in discovering ill-made ones . . . .31 Of the method of manufacturing and valuing Spread Rose Diamonds . . , . .32 Of the first method of valuing wrought Diamonds, in con- junction with Rough Diamonds, out of which they are supposed to be wrought . . .34 Of the second method of valuing wrought Diamonds, in conjunction with the Rough Diamonds, out of which they are supposed to be wrought . . .41 Of the method of valuing wrought Diamonds, exclusive of any regard to Rough Diamonds . . 4,4 XVI CONTENTS. PAGE Of the highest and lowest prices of Rough and Polished Diamonds . . . . .48 Remarks on Brazil Diamonds . . . 51 Of the table of prices of Diamonds . . .67 Of the innate perfections, imperfections, and Water of Diamonds . . . . .72 Of the superior Worth of Diamonds over all other jewels . 74 Reasons for working Diamonds in a complete manner, and the consequences resulting from a contrary practice . 76 Of the use of the sizes in purchasing Rough Diamonds . 85 Remarks on the India manufacture of Diamonds, and their custom in regard to Rough Diamonds . . 87 Some account of authors, who have heretofore treated of Diamonds and Pearls, and the improvements which have been made since their times . . .92 Of Pearls, their perfection and imperfection . . 96 Of the rule of valuing Pearls . . .97 Observations on the losses supposed to be sustained by the purchase of Jewels .... 107 Conclusion . . . . '": . 113 INTRODUCTION. DIAMONDS and pearls being, of all jewels, of the greatest importance to this and most nations of the world, justly demand the highest regard of any ; inasmuch as they constitute the largest share of wealth of this kind, and are the chief ornaments of great and distinguished personages : more especially diamonds, as being the most beautiful and valuable of all. On which account, as I have been above thirty years a considerable trader in them, and a manufacturer of diamonds, I have stu- diously employed great part of my time in search of rules to ascertain the value of 2 INTRODUCTION. both under all circumstances, whatever be their weight and magnitude; and, likewise, for manufacturing diamonds to the greatest perfection. And apprehending that I have fully succeeded for the promotion of the commerce, and for the benefit of the pub- lic, I have exhibited, in this treatise, means by which the inquisitive may attain to a right knowledge in these matters ; and more especially concerning those from one carat weight, to those of one hundred carats. The plates of the sizes of diamonds, and the tables of the prices of both, are ex- tended no farther than to diamonds and pearls of that weight. They might be carried on ad infinitum ; and the rule of valuing will hold good, though they should weigh as much as Governor Pitt's diamond, purchased by the Regent Duke of Orleans INTRODUCTION. 3 for Louis the Fifteenth, then a minor, which weighs 136 carats f ; or as three others mentioned by Monsieur Tavernier, in the second part of his voyages, p. 148, English translation, viz. that of the Great Duke of Tuscany, which weighs 139 carats \\ or that in a merchant's hand, which weighs 242 carats TV ; or that of the Great Mogul, which weighs 279 carats ?. If what is contained in this treatise be found true, it will confute the notion that some diamonds and pearls are inestimable, on account of their extraordinary magni- tude ; which, to this time, prevails, upon the supposition that no methods can be found to determine their value ; and will likewise greatly contribute to support the dignity of the diamond manufacture. f6 A ,'2'-# / #3 0:2: 6 S$ 2:0:0 6 $46:2:6 J? 32:2: 6 2 04 #2: 6 23/J :0.-o **. //f //I 2Jf0:2: 6 2$26.- 2.'$ * 107 4 _j_ *% 20T t/ J302.0-0 j/ 03 1 1:6 JJ 7 z3 2:6 zzi 2*1 247 241* 40 Of: 2:6 40J0?0'0 4 60 j- 0: _J i s-1 \ S'S^'T* I 4 $00. 7#'# 70 J0: 2ft 26 J*i 26}. Zt 2-9 $724.70:0 6172: -a 649 S:0.- C 6 44,70:0 3/ 31 *2* 35 74+1:0 74 JJ a $7' 2: 6 <5 :'i A 6$: 0:6 /$ 67.72:0 70:4:6* //.'//. vk 74- -\ i / .< 2- /6 j:6 /6.->i f& : M:6 1/2:4:6 V l- //f //-* /**///* tft /*$ 20 2JT 4* 20 2* / 04-: 0.6 12 22% 23 23% 13\ 23% 24* 24$ If* 20 2: / 0.0 22W&0 24*2:0 Mi , y.y- 34f.-:0 34?? Sf 25^ 2$% 26 2^ *r* *7*\ tft 366:0:0 4W# 6 04**:* 3** 36 265.4:6 5/T >/t 92 403:4:6 4/6:4:6 37 97* fit/*-'* 32-^ 03 42 4'* -6 43$/2:o 442:4-6 9/9.. '4:6 99 24 $42:46 4 6 4:4: 6 4J 6:2:0 6/6:^-6 24;? :0 J^^ 656:2: $ 6 64-4.: 6 4** 46 sz 4' S3 53*5 ft * 6 42- 42^ 4Z f //JT. a /2/0: *7*f 4* ;o* 6 f6 4S% 44 44-TC 44$ 44 6* #4*: f 6i /f 76: A s.o/6-- $ 7/ 7f so r/ 33 2446. -y 2624--. P 52/2 : S S2gf;/2 3t>/6:f 3Q20- ~r 4f0 0:0 2X22 -T S6 BS TREATISE ON DIAMONDS AND PEARLS. Of the Production of Diamonds and the Prin- ciple of valuing them. THAT rules may be given for the just valuing of diamonds, according to their increase in size and weight, is reason- able to suppose, from this consideration ; that nature has produced in times past, as well as it does at present, diamonds in the following manner, viz. a vast number of small ones, and progressively a less number of larger; and that they promiscuously in- herit the same properties, and share alike of perfection, and imperfection. This, there- fore, is a sufficient foundation for rules to be 6 A TREATISE ON given for valuing them in proportion to their size and weight, which will be found here- after exhibited ; and if the use and appli- cation of them were conformable to the production of nature, the rules thus found- ed and prescribed, would never be inter- rupted : and, therefore, if the humour of the world demands, at any time, more or less of any particular sizes and weights than nature provides, the price obtruded thereby must be reckoned the occasional, and not the just price, and complied with as such ; which happens to be the case at present, by the extraordinary use of small diamonds in the decorations now fashionable in jewelling. And as the price of these small diamonds will always fluctuate by the alterations of fashions, little regard will be had in this treatise to any, under the weight of one carat. It may be also observed, that the value of rough diamonds, from two to three carats, and also of polished diamonds, from one to one and a half, does not correspond with the rules hereafter laid down ; the price at pre- sent being lower than what is asserted by DIAMONDS AND PEARLS. 7 the rules ; which is acknowledged, and will remain so, as long as the humour prevails of supplying the place of diamonds of that weight, by meanly setting small stones in a cluster in their room, for the sake of a showy and flashy appearance, at a less price than stones of these sizes would admit of; by which means these sizes are less used than formerly, and become cheaper (the produc- tion of nature being always the same), and from hence they are depreciated in their va- lue ; so that the present prices of these sizes must also be reckoned the occasional, and not the just price. The rules are, nevertheless, just, uniform, and consonant to nature ; and therefore are here proper to be offered, in order to assist in coming at the true knowledge of the value of diamonds of a higher worth, than such as are liable to be affected in their price by the alteration of fashions in jewel- ling. The principle or rule is, that the pro- portional increase, or value of diamonds, is, as the square of their weight, whether rough or manufactured. For the explanation 8 A TREATISE ON whereof, an instance is first given in rough diamonds ; on which account it will be ne- cessary to lay down a general price, which is supposed to be 2 per carat; meaning, the whole species, good and bad blended to- gether, which are worthy the expence of manufactory. For example, suppose the value of a rough diamond of two carats, at the rate of 2 per carat, should be required ; the rule is, first, to multiply 2 by 2, which makes 4, the square of its weight ; then multiply the product of 4 by 2, the price of one carat, that makes 8, which is the true value of a rough diamond of 2 carats. To make this rule applicable to manu- factured diamonds, it will be necessary to ascertain what waste, or loss of weight, will be sustained in manufacturing them. And here it may be advanced as a matter of fact, that half the weight will be lost ; conse- quently, doubling the weight of any manu- factured diamond, renders the rule of the same use to show their value. This loss is to be understood to relate to the general manufactory of brilliant and rose diamonds, in the most perfect manner. To that end, DIAMONDS AND PEARLS. rules are to be offered for a general practice in both kinds of manufactory ; which, if conformed to, will be found to exhibit dia- monds in such a manner, as to be produc- tive of greater perfection and saving of weight, than any other standards of prac- tice. Of Brilliant Diamonds, and the Method of manufacturing them. BRILLIANTS are first to be considered. And the manufactory of a square one is fixed on for the fundamental and govern- ing rule of practice ; nature for the most part directing thereto, as it produces abundantly more apparent six-pointed stones than stones of any other form ; and be- cause the same depth or substance, and the same manner of proportioning that sub- stance, which are essential in rendering a square brilliant of any other shape complete ; and more substance, or any other manner of proportioning, will be found, upon ex- perience, prejudicial to the beauty of their B 2 10 A TREATISE ON form, and the true dignity of their spirit and lustre, compared with such as are made conformable to the following rules : The form of a six-pointed rough diamond is previously to be described ; as the shape of it is not much known. It is a figure composed of two square pyramids, joined at their bases, and which form an outline of a true square. The whole figure is composed of eight triangular faces or planes ; four above the base, and four below it ; all meeting in two points, one at top, the other at bottom ; terminat- ing in the poles of the axis, or line passing through the centre of the stone from top to bottom. Some stones are found to answer this figure very nearly. To make a com- plete square brilliant from such a stone, if it be not exactly true by nature it must be made so by art. The first thing therefore to be done, is to reduce that part, representing the base of the two pyramids, to an exact square, which forms what is called the girdle of the stone ; and then work by the square from the girdle, which will produce the two DIAMONDS AND PEARLS. 11 points of the axis ; and, if it be truly exe- cuted, the length of the axis from point to point will be equal to the breadth of the square from side to side. A draught of a side-view of such a stone will be found in the first plate, No. 1. The next thing to be done, is to produce the table and collet. In order to which, divide the block into eighteen parts from top to bottom ; and then take away from the upper part &, and from the lower part TV. This gives the upper part, or table side, yV above the girdle, which is i of the remaining substance ; and the lower, or col- let side, T 8 8 or f ; only 12 of the original 18 parts being left in depth. And thus the table and collet are formed, which will be found to bear this proportion to each other, viz. the collet will be one-fifth of the breadth of the table. In this state it is a complete square table diamond. Its different parts are denoted by the let- ters a, b, c, d, e. a, shows what is usually called the table of the stone, which is an horizontal 'plane at the top ; b, the upper sides or bisils ; by whom I was informed, that the In- dia traders (meaning the natives of India) had some established rule of estimating dia- monds, &c., which he believed to be the same with what I then proposed. At length, several years after the perusal of the above writers, a still more ancient one was shown me by means of a gentleman of. great learn- ing, and of great figure in the literary world, i 2 94 A TREATISE ON This author was John Arphe de Villa Fane, who speaks of the principle of valuation in his treatise, entitled " The Standard of Gold, Silver, and Precious Stones," published in Spanish in the year 1572, by the King of Spain's especial licence. These writers have mentioned some attempts to settle rules for the manufacture of diamonds ; but, it is to be observed, that not only what they have de- livered is very imperfect, but that when they wrote, the art of making brilliants was not discovered; which manufacture is essential to the saving of the weight formerly lost, by cutting all rough diamonds into tables and roses ; to prevent which loss of weight, as much as possible, a heavy load of sub- stance has been left on both these kinds of manufacture. Moreover, to save weight, rough diamonds have been frequently sawed, especially such as had no corners, in order to make them into roses ; but this practice was attended with a much greater ex- pense of workmanship, and withal, a much greater loss of weight, than they have been subject to, since the making of bril- liants has been introduced ; this latter ma- DIAMONDS AND PEARLS. 95 nufacture being more suitable to stones of most shapes. These observations show, that if the truth of the manufacture of table and rose dia- monds had been known in times past, which appears not to have been the case, although it might have been of use in preventing the past defective manner of making them, it could not procure the advantages which flow from the addition of the brilliant manu- facture, since that renders the whole a com- plete system ; and not only contributes to the greatest saving of weight, but likewise ascertains the general loss of weight, as has been already observed, which could not be known till the manufacture was reduced to settled rules. The want of this, probably, occasioned a disregard of what has been taken notice of by these authors, concerning the manufacture and valuation of diamonds. The next thing to be considered is pearls. 96 A TREATISE ON Of Pearls, their Perfections and Imperfections. THESE jewels are next in importance to diamonds, as they constitute the next great- est share of wealth of any other kind. The first thing to be observed concerning them, is, that what beauty they possess, is the mere produce of nature ; and that they are not susceptible of any advantages or helps by art ; a circumstance which re- commends them to the esteem of the world. Those of the finest shape are perfectly round, which fits them for necklaces, bracelets, jewels for the hair, and other such like uses. But if a pearl, of any considerable size, be of the shape of a pear, it is not reckoned an imperfection; because it may be suitable for drops to ear-rings, solitairs, and many other jewels. Their complexion must be milk-white, not of a dead and life- less, but of a clear and lively hue, free from stains, fouls, spots, specks, or roughness; such are of the highest esteem and value. Pearls are defective when rough, spotted, or dull ; whether that be owing to any mis- DIAMONDS AND PEARLS. 97 carriage of nature, or to age, to wear, or any other accident ; when irregular in their shapes, be they flat or hollow, craggy or gibbous ; when they are stained with any co- lour, as yellow, blue, green, red, brown, or that of a dusky iron. It is also an imperfec- tion when they have large drilled holes, or are rubbed flat about the edges of the holes by long use. These defects cause a yery considerable difference in the value of pearls, of the same weight and size. Of the Rule of valuing Pearls. THE only rule of valuing them, is by the square of their weight, as in the case of diamonds ; nature producing them after the same manner, viz. a vast number of small ones, and progressively a less number of larger, as they increase in size and weight. Upon this principle two tables are formed, of the prices of pearls. The first eight con- tain those of a carat weight downwards, of eight different values, which will be found in 98 A TREATISE ChV plates XVII, XVIII, XIX, XX, XXI, XXII, XXIII, XXIV. The first being explained, it serves for the other seven. The first co- lumn contains the number of pearls in an ounce troy, from those of a carat weight to such as weigh but the 32nd part of a carat. The second column contains the progressive decrease of their weight, from those of one carat, to those of the 32nd part of a carat. The third contains their several prices, from one carat at 2s. to those of the ^ part of a penny. The fourth contains the price of an ounce, at the rate of 2s. per carat, which makes 15/., to that of the smallest size, which is 9*. 4jd. The next thing to be taken notice of, is a table that relates to pearls, of a carat weight and upwards, to a hundred carats, which will be found in plates XXV, XXVI, XXVII, XXVIII, XXIX, XXX. The prices of pearls in this table are founded upon the supposition, that the general price of pearls, good and bad blended together, is Ss. per carat ; which will be found to be the first article in it. This table, therefore, will be of the same use with regard to pearls, as the DIAMONDS AND PEARLS. 99 diamond table is in regard to diamonds. For, if any pearl exceeds in quality, or falls short of, those of the middle sort, the rise or fall, upon the price of a pearl of any weight, must be so much per cent, as judg- ment shall direct; which prevents all trouble of finding it out by the rule. To show the convenience of this table, the following ex- ample may be given. If the value of a pearl of 4 carats f is required, which may be sup- posed to be 10 per cent, better than one of the mean or middle price, its price will be found, by the table, to be 91. 10*. Ijrf. Then 19*. is to be added, which is the pro- duce of the 10 per cent, and makes its value to be 10/. 9*. 1W. To find out the first price by the rule, re- duce the 4 carats f into eighths, which makes 39; then multiply 39 by 39, that makes 1521, the square of the weight in six- teenths; therefore divide 1521 by 16, that brings it again into grains, and makes 95 ; then divide the 95 by 4, that brings it to carats, and makes 23 carats, 3 grains, and & of a grain ; which, at Ss. per carat, pro- duces 91. 10*. \\d. 100 A TREATISE ON And as another method is introduced for rinding out the value of diamonds, which is as applicable to pearls, the foregoing weight is made use of as an example. For instance : see what a pearl of 4 carats comes to at Ss. per carat, which will be found to be 39s. ; so multiply 39 by 4, that makes 156s. , or 71. 16s. ; then add the value of f of 39s., which is I/. 14s. \\d. ; cast up the two sums, and that will produce 91. 10s. l\d. : so these two totals are alike, and agree in price with one of that weight in the table ; and that being the price of one of the middle sort, the value of the 10 per cent, must be added, which is 19s. ; so the value of such a pearl is 10/. 9s. 1 \d. These instances are supposed sufficient to show, how much readier the value of any single pearl is to be found, by making use of the table ; the usefulness of which will ap- pear in a stronger light, when it is considered what number of occasions pearls furnish by their multiplicity, and likewise the small value they are of individually, although not so regarding their quantity. DIAMONDS AND PEARLS. 101 N. B. Their value, compared with dia- monds, is but as 8s. to 8/. As an application to the table appears to be by far the readiest way of coming at the value of any single pearl, its farther useful- ness will be shown in valuing any parcels of pearls. For instance : suppose a parcel of pearls (be their number and weight what they may) and various in respect to their qualities or goodness ; first, weigh the parcel altogether ; when the weight is known, count their number ; when that is known, see what the weight would be per piece, if they were all of one weight, and then endeavour to form a judgment what they may be rated at per carat, as a mixed parcel : having settled that, see what a pearl is worth, of the weight you found they would be of if they were all of equal weight or size, and then value the weight of the whole parcel by the price ot that pearl, and that will give the value of the whole parcel. To illustrate this, suppose 9 pearls of 9 several weights, which may be of different qualities or goodness, but being- blended together they may be reckoned worth K 102 A TREATISE ON 8s. per carat. As this supposed price agrees with the table, the example will be drawn from thence, and will begin with the first article therein, as underneath : 1st - 2nd - 3rd - 4th - 5th - 6th - 7th - 8th - 9th - - of Carats. 1000 } J 1 I J 1 i i i \ I i 2000 - - s. d. 080 10 1J 12 6 15 1J 18 1 1 1} 1 4 6 1 8 1J 1 12 The 9 weigh - 13J and come to 896 The above 9 pearls weighing 13 carats |, would make the weight of each 1 carat J, the price of which in the table is 18s. therefore multiply 18$. by 9, the number of the pearls, that makes 162s. or SI. '2s. The value, rating them by their several weights, as above, makes the total 8/. 9s. 6d. which is 7s. 6d. more than by the other me- thod of valuing them ; and this arises from DIAMONDS AND PEARLS. 103 the loss of fractions in that case ; and al- though that be something in this sum, it is not worth regard in a larger sum, which will be the same when pearls are rated at Ss. per carat ; and for farther satisfaction the fol low- ing- case is inserted. 1st - - - of 2nd - - - 3rd - - - 4th - - - oth - - - 6th - - - 7th - - - 8th - - - 9th - - - The 9 weigh - Carats. 6000- 6 i - 6 J - 6 J i - 6 J - 6 J J - 6 J i - 7000- 58i s. d. 14 8 15 1J 15 12 6 16 5 1| 16 18 17 11 1J 18 4 6 18 18 1J 19 9 6 152 9 6 The above 9 pearls weighing 58 carats J, would make the weight of each 6 carat J, the price of which in the table is 16/. 18$. First, multiply 9 by 16/. that makes 144/. ; next, multiply 9 by 18*. that makes 8/. 2y., add these two sums together, the total will be 152/. 2s. which is Is. 6d. short of the 104 A TREATISE ON above sum of 152/. 9s. 6d. But if the num- ber of articles had been more, and the price of any parcel of pearl should be higher, it can but little increase the difference ; and therefore it is not worth regarding, more es- pecially when it is considered, that none can judge the value of any one pearl, or parcel, to any such-like nicety. As to what has been said of the convenience of this table, the same might have been said of the dia- mond table ; but as there seemed not to be the like necessity for it, in regard to dia- monds, it has hitherto been omitted, and the rather, to avoid repetition. As the convenience of this table is evi- dently shown, it may be proper to observe, that in making- use of that, or either of the other methods for finding the value of pearl, the highest price of any pearl of a carat weight cannot be valued at more than 16s., when the price of the middle sort, of that weight, is valued at 8s. 9 nor those of the lower sort, of a carat, at less than 2s. ; be- cause all of a baser sort deserve not to be considered as jewels. And this, probably, will be thought scope enough to employ DIAMONDS AND PEARLS. 105 speculation and judgment; notwithstanding which, it is to be supposed, that all who are skilful will agree in sentiments concern- ing the value of any pearl of a carat weight, however circumstanced, as nearly as in the case of diamonds, as the value of pearls of any weight is to be determined by the price of one of a carat weight, similar in all circum- stances. Or, as was said of diamonds, the same may be said of pearls, that every pearl is to be valued as it is worth per carat, by the rule of estimating. N. B. It is to be observed, that what is supposed of judicious jewellers agreeing in their sentiments to five or ten per cent, con- cerning the value of any diamond or pearl of one carat weight, by which the value of a diamond or pearl of any weight is to be de- termined, is to be understood to relate to the natural and just value of them only; and when there is a compliance with any other price, that must be considered as the occa- sional price ; and if persons who buy for their use could be assured what is the just price of any jewel, it would be the means of in- fluencing them to give the value of them. K2 106 A TREATISE ON And this must necessarily facilitate the trans- actions of this business ; and, I am humbly of opinion, if this had been the case in times past, many capital jewels, which have lain many years in the hands of persons who bought them in order to make profit of the money laid out, would have found pur- chasers of them long ago, to the advantage of their present owners. As so much depends on traders being masters of the most complete knowledge of this business, it must be supposed they will not be wanting in improving themselves therein by all means that may be procured, as it will render them a beneficial body to the rest of mankind, and of course raise their characters, which have heretofore lain under disagreeable imputations. Here it may be proper to observe, that whatever knowledge persons may have of the just value of jewels, it will not exempt those who buy them for their own use from sustaining a loss in purchasing them ; but it will lessen the losses that might otherwise happen, which the world has heretofore been subject to for want of such knowledge. DIAMONDS AND PEARLS. 107 That losses must be sustained is unquestion- able, and that these must vary as circum- stances differ, the following cases will evince. Observations on the Losses supposed to be sustained by the Purchase of Jewels. THE expence of making some pieces of jewelling work comes to a considerable part of the purchase money ; and gene- rally where there is the least value of dia- monds, the expence is the greatest, as when a large number of small diamonds are em- ployed : when such a jewel is resold, that expence must be deducted, if it be injured by wear or by accident, or it becomes un- fashionable. Again, jewellers must be supposed to have a considerable sum of money employed in trade, the returns of which are not very frequent ; and, therefore, a loss must una- voidably attend the purchasing jewels, and the greatest in buying large diamonds, al- though the expence of setting them be less, 108 A TREATISE OX on account of their lying much longer in the possession of jewellers than those of the smaller sort ; and therefore all jewellers sup- posing the probability of this, never give so near the value of them as for smaller stones, they being always more marketable. As this is the case, persons of rank and fortune, that need not regard any reasonable loss, or the interest of money, are the pro- per purchasers of jewels ; and the money laid out by such persons, can no more be deemed luxury in them, than that which is expended in equipping and furnishing side- boards and cabinets, and on all other costly personal equipments in gold and silver. But it may be said, that the latter are more useful and necessary than the former. To which it may be answered, that their uses may be supplied at a much cheaper rate ; so the ap- pearance and credit must be the remaining motive for laying out money that way, which is the same in respect to jewels ; and if the losses attending the purchasing these be an objection, it will be found to lie as strong against the other, in respect to fashionable elegant things; the workmanship of which, DIAMONDS AND PEARLS. 109 upon an average, comes to at least J, if not i, of the purchase money. The loss by jewels, it is humbly appre- hended, will not, in future times, exceed that, although it has been otherwise in times past, as appears by instances that have been given ; which show that not above J or J of the purchase money could be obtained for jewels, either by way of pledge or sale ; which has chiefly arose from jewellers not being well acquainted with the natural and just value of them, which cannot be the case in future time; it being evident that traders have it in their power to come at their true value, by estimating them as they are worth per carat, by the rule exhibited. This being the case, any one else may at- tain the knowledge of the value of any dia- mond or pearl, or parcels thereof, by ap- plying to a skilful jeweller, to know what they may be worth per carat. And this will be the means of preventing any persons selling their jewels on such dis- advantageous terms, as have been before taken notice of; since they will rather pledge them, and wait for a more favourable offer ; 110 A TREATISE ON and a better knowledge of their value will procure more money lent on them, if occa- sion requires it, than in times past. And as the skill of traders appears so useful, they must be supposed to be intitled to a suitable reward, for giving their opinions in all such cases. These measures will tend to support the worth of jewels, and render all property of this kind permanent wealth, exclusive of the deductions a little before mentioned, and make them the proper possession of persons of rank and fortune here, as well as in other countries ; especially if the wealth of the nation increases ; because all pur- chases of income must advance as that aug- ments, and of course brings down the value of money. For example : if any one should be forced to give three hundred pounds for an income that in time past could be purchased for two hundred pounds, it is evident that then three hundred pounds is reduced to the value of two hundred. If this be an evil, the laying out the exuberance of our money in jewels seems to be the properest redress of it, as they are a durable, though not a profitable, DIAMONDS AND PEARLS. Ill treasure ; inasmuch as they may be found of convenience in any time of distress, whether private or public. The latter, indeed, we have the happiness to have no reason to fear. What has been observed of the utility of jewels, diamonds especially, to persons of dignity, and those of affluent fortunes; and of the conduct of the India people, in not forcing the sale of them, by lowering their price ; but, on the contrary, withdrawing them, when there appears a slack demand, which is supposed to arise from the great expence they are at in the search of them ; for although the price of labour in India is excessively cheap ; yet the hands that are employed in this work, as Monsieur Taver- nier arid other authors have taken notice of, are so very numerous, that it makes it a costly, and even a precarious undertaking ; and considering that, notwithstanding Eu- rope has been supplied with diamonds from thence, and from the Brazils, within twenty years last past, abundantly more than in any preceding number of years; yet the amount of the annual value of them, on an average, 112 A TREATISE ON comes a great deal short of two hundred thousand pounds sterling : and farther con- sidering, that many countries are come more into the use of them, of late years, than for- merly; and that some, which in times past, were almost strangers to their existence, are now buyers of them, but principally the most indifferent sort ; which is a beneficial circumstance, as the taste of other countries, which I need not name, is so much refined ' all these circumstances taken into the ac- count, and supposing the Brazil mines prove abortive, cannot but abate a suspicion, that has been entertained, concerning this part of the world being glutted with diamonds ; which, it is thought by such persons, will in time sink the price of them. Judging those considerations are sufficient to quell such fears, I shall proceed to show it is not the case at present, their price of late being advanced (I mean in Europe only), and the cause of it is this : that most of the capital jewels are returned into the possession of their proper owners, which have some years past been in the hands of usurers, owing to the great expence that some princes DIAMONDS AND PEARLS. 113 have been at in the late war; which the peace has not only enabled them to redeem, but likewise qualified them to become far- ther purchasers. And this proves the fitness of pledging jewels rather than selling them below what they ought to fetch, supposing that necessity does not force any thereto ; which is not to be imagined of persons of high rank, or of good estates, as time gives them an opportunity of redeeming any pledges. CONCLUSION. THIS concludes the important subjects I have been treating of; and the enlarge- ments that have been made to this edition, I flatter myself, will be found not only explanatory of my first publication, but that they will likewise give force to what is therein contained, and which would have been added thereto, had I then seen it to be necessary ; but which I have not been con- vinced of till lately, and now think the omis- L 114 A TREATISE ON sion of it would be an impediment to my design, which is that of communicating truth and knowledge, beneficial to the public, and to all ingenious traders, and which is calcu- lated to raise their reputations and usefulness, and likewise to promote art in the embel- lishments of diamonds, and recover, if pos- sible, the almost lost manufacture of them to this kingdom, that has in time past been pos- sessed of the chief share thereof, and which has carried the improvement of it to the greatest height of any part of the world, and is now as capable of doing so as ever, if per- mitted ; which I hope to see brought about. The loss of this valuable manufacture, and of the trade resulting therefrom, has been wholly owing to a delusive manner of working them abroad, which enables fo- reigners to sell diamonds cheaper by weight than it is possible to afford well-wrought ones for. By this means they are become possessed of almost the whole of this manu- facture and trade. And this practice has been much coun- tenanced by some traders in London, who have sold for some years past f or more of DIAMONDS AND PEARLS. 115 these foreign-wrought diamonds, to the great discredit of their wearers ; which conduct seems to come but little short of an affront on the quality and gentry of this kingdom, and shows a manifest disregard of the in- terests thereof; which I am sorry to have occasion to take notice of, as well as of some other matters that could not justifi- ably escape my observation, but which I am satisfied will give no offence to any im- partial unprejudiced person ; and the new matter in this edition, I doubt not, will meet with the approbation of the judicious, as it must give an additional enforcement to what is contained in the first, and serve to ren- der these important articles of wealth of more established worth than in times past, since their value appears to be determin- able by rules founded on reason and truth, which has hitherto been subject to the ca- pricious estimation of unguided judgment. And I am the more encouraged to hope for the countenance of such persons, as my first has received that honour, as well among people of rank and condition, as among traders in jewels ; and I have the satisfac- 116 A TREATISE ON DIAMONDS, ETC. tion of knowing it daily gains ground, and am particularly pleased in finding a con- siderable increase of business within twelve months past, in the best manner of work- ing diamonds. And now being no ways conscious of hav- ing taken any unwarrantable freedoms in any part of this treatise, but pursued truth, justice, and the fitness of things to the best of my knowledge, I shall not trouble my readers with any farther vindication of my conduct. But in respect to any imperfec- tion of style that may appear in this treatise, I hope the candid part of the world will overlook it, as I make no pretension to any accomplishment in that way ; and all that 1 have aimed at has been to convey my thoughts in as clear a manner as my abi- lities would enable me to do : and this, I question not, will be accepted as a sufficient apology for any inaccuracy of expression in the book. 14 DAY USE RETURN TO DESK FROM WHICH BORROWED LOAN DIPT. RENEWALS ONLY TEL. NO. 642-3405 This book is due on the last date stamped below, or on the date to which renewed. Renewed books are subject to immediate recall. FEB 25 196948 .__ LJ FEB 11 1963 + MAR 2 2006 LD 2lA-38m-5,'68 (J401slO)476B General Library University of California Berkeley U.C.BERKELEY LIBRARIES 3420S3 UNIVERSITY OF CALIFORNIA LIBRARY